What should you buy in Florida?
What should you buy in Florida?
I don’t want to tell you what YOU should buy,
but I can tell you what I see the most demand for: Three bedroom, two
and a half bath single family home, with a pool. And it should be new,
or almost new (let's say from 2012). And it should be under $250,000. But do
you know how many you would have to choose from here in Lee County,
Florida?
There are, are you ready? None available. Bump the criteria to $275,000 maximum price? There are only two available. (Here is a good place to search) (The average price is over $390,000 for homes that meet these criteria).
Here is the wake up call folks - prices are going up, the escalator is moving at an increased speed!
There
are options for those that want to get on this escalator - pay more or
buy older, buy less or go condo instead of single family home. You could
also buy a home without a pool and then add one.
Here are some things to consider:
-
Buy
older and fix up. Be careful, however, and look closely at elevations,
ceiling heights, roof condition, and insurance costs. We can help you
here. (Flood insurance should be a major consideration)
-
Build.
I can still get you a new home with a pool under $275,000 in some
areas. It will take some patience (four to six months) and a good
marital relationship.
-
Get out of town. There are some wonderful areas that are not as popular that are bargains.
-
Go twin luxury villa (we used to call them duplexes – gotta love marketing)
-
Consider a condo. In a condo you share the pool and other amenities.
-
Buy with some partners.
-
Buy the land now, build later.
Let me know if I can help you.
Gregg